United Kingdom Prime Lending Rate

Bank Lending Rate in the United Kingdom remained unchanged at 1.75 percent in December from 1.75 percent in November of 2018. Bank Lending Rate in the United Kingdom averaged 7.35 percent from 1950 until 2018, reaching an all time high of 18 percent in November of 1979 and a record low of 1.25 percent in August of 2016.

Bank Lending Rate in the United Kingdom is expected to be 1.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Bank Lending Rate in the United Kingdom to stand at 2.00 in 12 months time. In the long-term, the United Kingdom Prime Lending Rate is projected to trend around 2.75 percent in 2020, according to our econometric models.

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United Kingdom Prime Lending Rate

In the United Kingdom, the prime lending rate is the average rate of interest charged on loans by major commercial banks to private individuals and companies. This page provides - United Kingdom Prime Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom Prime Lending Rate - actual data, historical chart and calendar of releases - was last updated on January of 2019.